For Sale
$3,372,200

6955 Stockton BlvdSacramento, CA 95823

High-traffic, 7-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,359 square foot retail center, situated at 6955 Stockton Blvd in Sacramento, CA 95823, presents a compelling investment opportunity. The property boasts a prime location on a signalized hard corner intersection, ensuring high visibility and accessibility. Currently operating at 100% occupancy with seven tenants, including El Borrego De Oro, a barber shop, and a chiropractic office, under a Master Lease and various NNN leases, the center generates a strong net operating income (NOI) of $202,332, representing a 6.00% cap rate. Built in 1989, this multi-tenant property sits on a 0.88-acre lot and benefits from a high traffic count of 40,000 vehicles per day. The asking price is $3,372,200, translating to $272.85 per square foot. The property is shadowed by a Walmart Supercenter and is adjacent to a large new development currently in the planning stages. Below-market rents offer significant upside potential. Attractive assumable financing is available with a 4.00% interest rate, a 25-year fully amortizing loan, and 8 years remaining until the next rate adjustment. The loan balance is $1.6 million. This investment offers a secure and potentially lucrative return in a thriving Sacramento market with a population density exceeding 186,000 residents within a 3-mile radius. Lease terms vary.

Highlights

  • Assumable financing at 4.00% interest, 25-year amortization, 8 years until adjustment, $1.6MM balance.
  • Walmart-shadowed location on a major north-south retail corridor.
  • High-traffic corner lot with 40,000 VPD.
  • Dense population: over 186,000 residents within a 3-mile radius.
  • Adjacent to a planned large-scale development.
  • Below-market rents of $16.87 PSF base rent.

Property Details for 6955 Stockton Blvd

Property type
Lifestyle centers, Power centers
Square Feet
12,359 SF
Year Built
1989
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4984515
Longitude
-121.4296096
6955 Stockton Blvd, Sacramento, California

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6955 Stockton Blvd
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